The delinquency rate for commercial mortgage-backed securities (CMBS) dropped for the second consecutive month after six months of increases, according to data from Trepp Inc. February’s overall delinquency rate decreased 26 basis points to 6.30%. One year ago, the...
Keller Williams announced the Greenwich, Connecticut-based private equity firm Stone Point Capital, the parent company of CoreLogic, will take an ownership stake in the Austin-based company. As part of this transaction, Keller Williams CEO Mark Willis will step down...
Ginnie Mae announced its mortgage-backed securities (MBS) portfolio outstanding grew to $2.71 trillion as of January. Ginnie Mae issued $39.8 billion in total MBS last month, resulting in a net portfolio growth of $16.7 billion. Of that amount, $38.4 billion was...
Carter Multifamily, a Carter Funds company, has paid $37.7 million to acquire a 166-unit garden-style multifamily community located in Melbourne, Florida. Located in the state’s Space Coast, southeast of Orlando, the property was formerly known as The Palm Bay...
The Chicago-headquartered commercial real estate and investment management company JLL (NYSE: JLL) has named Sean Coghlan as head of investor relations. Coghlan previously led the company’s global research and strategy for capital markets. In his new job, he will be...
The Securities and Exchange Commission (SEC) has brought new charges against Elchonon “Elie” Schwartz and his New York City-based commercial real estate investment firm Nightingale Properties LLC. Earlier this month, Schwartz pleaded guilty in federal court for...
